Notes to SEFA
The accompanying schedule of expenditures of federal awards (Schedule) includes the federal grant activities of Better Housing Coalition Inc. under programs of the federal government for the year ended December 31, 2025 and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Better Housing Coalition Inc. it is not intended to and does not present the financial position, changes in net assets, or cash flows of Better Housing Coalition Inc.
Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement.
None of the expenditures reported on the Schedule were passed through to subrecipients.